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GST and FBT - LEGT3753
 Library lawn

   
 
School:  Aus School of Tax and Bus Law
 
   
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Prerequisite: LEGT2751
 
 
Excluded: LEGT7754
 
 
CSS Contribution Charge:Band 3 (more info)
 
   
 
Further Information: See Class Timetable
 
  

Description

The first part of this course examines Goods and Services Tax (GST). Emphasis is placed on the practical operation of GST. Topics discussed include: registration; taxable supplies; input tax credits; adjustments; accounting for and documenting GST; treatment of GST free supplies; treatment of input taxed supplies; and anti-avoidance provisions. The second part of this course deals with Fringe Benefits Tax (FBT). Topics include: the calculation of FBT liability; the rationale behind grossing up the taxable value of fringe benefits; definition of fringe benefit; valuation rules for fringe benefits; exempt fringe benefits; reconciliation with income tax; treatment of income tax exempt employers; and the use of fringe benefits in salary packaging.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.